http://en.rian.ru/russia/20080115/96763486.html
New Urals tank-making holding to streamline resources
OMSK, January 15 (RIA Novosti) - The incorporation of Russia's major
tank-making enterprise will help streamline the use of resources to build
artillery and armored systems, a first deputy prime minister said on Tuesday.
President Vladimir Putin issued a decree in August 2007 on the reorganization
of the Uralvagonzavod Plant, based in Nizhny Tagil in the Sverdlovsk Region, as
Research and Production Corporation Uralvagonzavod.
"The creation [of the corporation] will open the way to overcoming the
structural divide between armor-building enterprises, which has emerged in the
past few years, and will also help end counterproductive, and often harmful
competition for state resources," said Sergei Ivanov, the former defense
minister who oversees the military industrial complex.
He said the total production capacity of enterprises that will constitute the
new holding in Russia's Urals mountains will grow by 150% to 335 billion rubles
($13.5 billion), with the corporation's profits due to rise 400% to 28.5
billion rubles ($1.15 billion) by 2010.
Uralvagonzavod is the largest producer of T-72 and T-90S tanks. It also
manufactures rail rolling stock, and road-building and civil engineering
equipment.
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